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What does intellectual property mean?

Looking for the meaning or definition of the word intellectual property? Here's what it means.

Noun
  1. (uncountable) Any product of someone's intellect that has commercial value: a piece of literature, a painting, an invention, a trademark a trade secret, etc. Works protected under intellectual property law, and accorded intellectual property rights such as copyrights and patents.
  2. (countable) Any individual work that is protected under intellectual property law.
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Title and intellectual property rights are protected by the copyright laws and treaties.
Other problematic areas include intellectual property rights, trademarks and data protection.
In some cases, the spyware may include key loggers that could lead to intellectual property theft and corporate espionage.
The technology is licensable intellectual property with an associated tool environment.
Because intellectual property issues involve legalities constructed by those in power, people are forced to play by those rules.
Mr. Iyengar, who specialises in laws related to intellectual property rights, was aghast.

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